Megan McArdle At Bloomberg: ‘The Slow, Painful Death Of The Media’s Cash Cow’

McArdle:

‘Most of the newspapers currently in operation will ultimately die, because the internet rewards scale rather than deep local knowledge. They will die whether they stick to their knitting or go all-in on “digital first.”

More here: ‘Driving Into The Sunset Of Public Service

‘In the past decade or so, the business model has essentially collapsed in the advent of the Internet. Why should anyone pay for something they can get for free?’

-‘Extra, Extra, read all about it…on your mobile device, at least on your mobile device as of a few years ago. (Future readers, this is before the implants).

-(addition) Via a reader:  Eugene Volokh argues freedom of the press ain’t about saving the buggy whip industry:

‘I’ve often argued that the freedom of the press was seen near the time of the Framing (and near the time of the ratification of the 14th Amendment, as well as in between and largely since) as protecting the right to use the press as technology — everyone’s right to use the printing press and its modern technological heirs. It was not seen as protecting a right of the press as industry, which would have been a right limited to people who printed or wrote for newspapers, magazines and the like .

Related On This Site: Here in Seattle, Bill Virgin says newspapers built up their value, and slowly let it die: From The Seattle Post-Intelligencer Via Sound Politics: Why Did The PI Die? From Slate: Jack Shafer On The Pulitzer Prize-Who Cares?  Who Reads The Newspapers?

Why not build another museum on the mall?

The Newseum Opens On The Mall: More From The Weekly Standard

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